UK government debt was 100.9% of gross domestic product (GDP) at the end of May 2020. This is the first time debt as a percentage of GDP has exceeded 100% since the financial year ending March 1963.
UK government debt at the end of May 2020 was over £1,950 billion, an increase of £173.2 billion (or 20.5%) compared with May 2019. This is the largest year-on-year increase in debt as a percentage of GDP since monthly records began in March 1993.
Farrell Financial Planning are independent financial advisers based in Glasgow and do not give advice on government debt levels.
All data is quoted from the Office for National Statistics and is correct as at 19/06/20.